MF industry’s AUM declines 1.16% in May 2017
Jun 07 2017
News Category: Industry Update
According to data from the Association of Mutual Funds of India (AMFI), total Assets Under Management (AUM) went down 1.16% to Rs. 19,03,975 crore in May 2017, compared with Rs. 19,26,302 crore in Apr 2017, primarily owing to outflow from money market segments. Outflow came in at Rs. 40,711 crore in May vis-a-vis an inflow of Rs. 1,50,703 crore in the earlier month. Liquid funds or money market category, comprising investments in cash assets such as Treasury Bills, certificates of deposit, and commercial paper for shorter horizon, saw an outflow of Rs. 64,692 crore.